There would, in Singapore, be these money changers. They would have a board behind them, with the buying and selling prices for various currencies listed in electronic red. But you wouldn’t get those rates!
Typically the transaction would go like this:
Q: What is the rate for USD today?
A: You want to buy or you want to sell?
Q: Buy
A: How much?
And then the quote.
This is how markets function. Frustrating isn’t it?
Leave a comment